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It Takes About $32,000 in This Dividend ETF to Collect $1,000 a Year

Key PointsThe Schwab U.S. Dividend Equity ETF has paid $1.05 per share in distributions across its past four quarterly payments.

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Recapitalisation: NAICOM Wanted All Insurers to Sail Through

Ebere Nwoji The Commissioner for Insurance, Mr Olusegun Omosehin has said that the original plan of the National Insurance Commission ( NAICOM) at the on set of the recapitalisation exercise

  • NAICOM aimed to prevent any insurance firm failure during recapitalisation.
  • Six firms failed to meet recapitalisation requirements and went out of business.
  • NAICOM encouraged mergers and balance sheet strengthening for market sustainability.

Wema Bank Sustains Profitability, On Track to Surpass Previous Record

Kayyode Tokede Wema Bank’s Plc for unaudited half year (H1) ended June 30, 2026 declared profit before tax of N154.5 billion, about 53.65 per cent increase from N100.6billion in half

  • Wema Bank profit before tax up 53.65% in H1 2026
  • Profit after tax increased by 157% compared to H1 2025
  • Interest income rose 43% to N342.64 billion in H1 2026

Investors’ Return in Nigerian’s Stock Market Up N4.6tn in One Week

Kayode Tokede Investors’ average return on the Nigerian stock market appreciated by N4.6 trillion week-on-week (W-o-W), driven by renewed demand across selected major indices. The benchmark indicator, Nigerian Exchange Limited All-Share

  • Nigerian stock market's average return surged N4.6tn in one week
  • NGX ASI rose 2.78% to close at 249,804.56 points
  • Banking sector led market gains with 4.4% increase

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